Shares rise on "reassuring" trading update

TKH

18/06/2020 09:52

** Shares in TKH Group  TWKNc.AS  rise 6.4% after the Dutch
technology company posts a reassuring update
    ** TKH forecasts a decline in H1 organic sales of 8%-9%,
seeing EBITA decreasing 13%-16%  urn:newsml:reuters.com:*:nFWN2DU0WJ
    ** Degroof Petercam says COVID-19 impact is not as bad as
feared while EBITA guidance is better-than-expected -- "we
consider this a reassuring trading update"
    ** KBC also points to some segments like fibre optics and
care that should recover quickly
    ** KBC sees opportunity for estimate upgrades, since the
company's cautious forecasts are now factored in by the market
    ** ING adds TKH's Q1 and Q2 business is largely based on
already awarded projects and orders, which TKH will finish, but
says H2 demand is hard to assess at the moment   
    

 ((flora.gomez@thomsonreuters.com))